Form 990 for tax year 2024
Filed by COLUMBUS AREA CHAMBER FOUNDATION INC.
Totals
- Total revenue
- $845,908
- Total expenses
- $601,514
- Contributions and grants received
- $845,908
- Grants paid
- $231,857
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $724,852
- Total liabilities, end of year
- $850
- Net assets or fund balances, end of year
- $724,002
- Program services expenses (Part IX)
- $597,197
- Management and general expenses
- $4,317
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $597,197
Program services were 99.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$845,908
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $231,857 · program services $231,857
-
11c · Fees: accounting
total $5,801 · program services $2,045 · management and general $3,756
-
12 · Advertising and promotion
total $266 · program services $266
-
13 · Office expenses
total $7,383 · program services $6,822 · management and general $561
-
16 · Occupancy
total $46,690 · program services $46,690
-
22 · Depreciation, depletion and amortization
total $22,470 · program services $22,470
-
23 · Insurance
total $6,712 · program services $6,712
-
24a · Other expenses: EVENT EXPENSES
total $272,668 · program services $272,668
-
24b · Other expenses: SECURITY
total $5,131 · program services $5,131
-
24c · Other expenses: MAINTENANCE
total $2,536 · program services $2,536
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $279,968 · end of year $533,182
-
10a · Land, buildings and equipment: cost or other basis
$240,067
-
10b · Land, buildings and equipment: accumulated depreciation
$48,397
-
10c · Land, buildings and equipment, net
beginning of year $214,140 · end of year $191,670
-
15 · Other assets
beginning of year $11,491 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $0 · end of year $850
-
25 · Other liabilities
beginning of year $25,991 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $200,147 · end of year $211,388
-
28 · Net assets with donor restrictions
beginning of year $279,461 · end of year $512,614
Mission and programs · 2024
Mission
THE COLUMBUS AREA CHAMBER FOUNDATION ENCOMPASSES A DIVERSE ARRAY OF COMMUNITY PROGRAMS DEDICATED TO FOSTERING ENTREPRENEURSHIP, DRIVING ECONOMIC DEVELOPMENT, AND ATTRACTING AND RETAINING TALENT.
Activities or mission (Part I)
TO ORGANIZE ECONOMIC PROGRAMS TO BENEFIT THE RESIDENTS OF COLUMBUS/BARTHOLOMEW COUNTY.
-
THE COLUMBUS PROPELLER WAS FORMED IN MARCH 2021 TO CREATE A MAKERSPACE FOR THE COMMUNITY. TARGETED INVESTMENT IN MINORITY ENTREPRENEURS (TIME) WAS CREATED TO BUILD FINANCIAL BRIDGES AND INCREASE THE LIKELIHOOD OF SUCCESS FOR LOCAL MINORITY ENTREPRENEURS. THE FOUNDATION RECEIVES THE FUNDING FOR TIME AND MANAGES THE EXPENSES. COLUMBUS CATALYST IS A PROGRAM DESIGNED TO FUEL THE SUCCESS OF ENTREPRENEURS IN THE COLUMBUS,INDIANA REGION. IT CONNECTS STARTUPS, SMALL BUSINESS OWNERS, AND ASPIRING FOUNDERS WITH THE RESOURCES,MENTORSHIP, EVENTS, AND COMMUNITY THEY NEED TO THRIVE. THROUGH PERSONALIZED COACHING, PEER LEARNING,AND ACCESS TO LOCAL EXPERTS, CATALYST HELPS PARTICIPANTS MOVE FROM IDEA TO EXECUTIONOR FROM EARLYGROWTH TO LONG-TERM SUSTAINABILITY. THE FOUNDATION IS THE FISCAL AGENT FOR ALL THREE PROGRAMS. IN 2024, THE PROAM TOURNAMENT WAS CREATED AS A FUNDING AID FOR THE COLUMBUS PROPELLER PROGRAM.
Expenses $597,197 · Grants $231,857
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Matthew CarothersMATTHEW CAROTHERS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Mandy WyantMANDY WYANT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Kelsey DeclueKELSEY DECLUE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Cindy FreyCINDY FREY
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Jonas HowellJONAS HOWELL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Nick SpragueNICK SPRAGUE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
-
ALVAREZ PAINTING LLC
$15,000
FUNDS TO ASSIST MINORITY OWNED BUSINESSES
-
SHALOM PROFESSIONAL CLEANING SERVICES LLC
$15,000
FUNDS TO ASSIST MINORITY OWNED BUSINESSES
-
CISCO BARBERSHOP
$10,000
FUNDS TO ASSIST MINORITY OWNED BUSINESSES.
-
CLEANING SOLUTIONS AND SERVICES LLC
$10,000
FUNDS TO ASSIST MINORITY OWNED BUSINESSES
-
COACH'S CUTZ
$10,000
FUNDS TO ASSIST MINORITY OWNED BUSINESSES
-
COLUMBUS HEALTHY ZONE
$10,000
FUNDS TO ASSIST MINORITY OWNED BUSINESSES
-
COLUMBUS UPPERCUTS
$10,000
FUNDS TO ASSIST MINORITY OWNED BUSINESSES.
-
FRAGRANCE CLEANING
$10,000
FUNDS TO ASSIST MINORITY OWNED BUSINESSES
-
GOD'S GLITTER BOX
$10,000
FUNDS TO ASSIST MINORITY OWNED BUSINESSES
-
GUATEMEX RESTAURANT
$10,000
FUNDS TO ASSIST MINORITY OWNED BUSINESSES
The 10 largest by cash amount. The API serves every itemized grant.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
COLUMBUS AREA CHAMBER OF COMMERCE INC
501(C)(3) · FUNDING THE CITY OF COLUMBUS · IN
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 27 October 2025
- IRS schema version
- 2024v5.2
- Source object
- 202543019349300219
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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